By Bob Chen
March 9 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.
Japanese yen: Chief Cabinet Secretary Takeo Kawamura will hold media briefings at 11 a.m. and 4 p.m. in Tokyo. Vice Finance Minister Kazuyuki Sugimoto will address reporters at 5 p.m., while Fujio Mitarai, the head of Japan’s biggest business lobby, Keidanren, will meet the press at 3 p.m. local time.
The Ministry of Finance will report the January current- account balance and the Bank of Japan will report February money stock and bank lending data at 8:50 a.m. The current account will probably show a deficit of 15.3 billion yen ($157 million), according to a Bloomberg News survey.
The Cabinet Office will publish at 2 p.m. the February Economy Watchers index, a survey of barbers, taxi drivers and others who deal with consumers. The gauge probably rose to 17.3 from 17.1 in January, a separate Bloomberg survey showed. It dropped to 15.9 in December, the lowest since the government started the survey in August 2001.
The yen was at 98.38 at 6:34 a.m. in Tokyo.
Taiwan dollar: A finance ministry report today will show exports fell 26 percent in February from a year earlier, following a record 44 percent drop the previous month, according to a Bloomberg survey.
The island’s dollar was at NT$34.78.
Hong Kong dollar: The Hong Kong Monetary Authority will report foreign-currency reserve assets for February at 5 p.m. local time. Reserves fell to $181.7 billion in January, from $182.5 billion the previous month.
The Hong Kong dollar was at HK$7.7560.
Singapore dollar: The Monetary Authority of Singapore will report foreign reserves for February at 5 p.m. today. Reserves fell to $167.1 billion in January from $174.2 billion the previous month.
The Singapore dollar was at S$1.5457.
To contact the reporters on this story: Bob Chen in Hong Kong at bchen45@bloomberg.net
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